A Pareto‐improving hybrid policy for transportation networks |
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| Authors: | Ziqi Song Yafeng Yin Siriphong Lawphongpanich Hai Yang |
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| Affiliation: | 1. Department of Civil and Coastal Engineering, University of Florida, Gainesville, FL, U.S.A.;2. Department of Industrial and Systems Engineering, University of Florida, Gainesville, FL, U.S.A.;3. Department of Civil and Environmental Engineering, The Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong |
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| Abstract: | This paper investigates an innovative Pareto‐improving hybrid policy that combines two policy instruments, that is, congestion pricing and road space rationing, and takes advantage of the synergistic effects between these instruments. Mathematical formulations for developing Pareto‐improving pure road space rationing schemes and hybrid policies are presented. Numerical examples demonstrate that the proposed hybrid policy offers greater flexibility and is more prominent in leading to Pareto improvement than both pure congestion pricing and road space rationing schemes. Copyright © 2013 John Wiley & Sons, Ltd. |
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| Keywords: | Pareto improvement hybrid policy rationing congestion pricing |
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